Arbitrum will ban 3 projects from future DAO programs for misusing grants. - @goodentrylabs sent ~143k ARB to ineligible users, with suspected team self-farming too - @limitlessdefi sold 75k ARB for USDC and bridged it to... Base! - @APX_Finance had ~240k ARB flagged across unreturned funds, late distributions and suspected self-farming. Funny, that APX actually 'merged with Aster DEX', basically leaving to BNB. Grants are tough businesses: DAOs don't give funds -> builders might go elsewhere. Give funds -> risk of being extracted.

Arbitrum said Robinhood Chain experienced batch submission delays today due to blob market conditions on Ethereum L1, but the chain itself did not go offline and direct user transactions were not delayed. Some infrastructure providers relying on Robinhood Chain data feeds briefly experienced performance issues due to high subscriber volumes. The network is currently operating normally.

.@Arbitrum is home to more than $3.7B in stablecoin supply. Spark Savings is now available across USDC, USDS and USDT0, giving builders access to savings infrastructure for stablecoins representing over $3.2B of that supply. Built on standard ERC-4626 vaults and designed to be embedded into wallets, treasury platforms and DeFi applications. Learn more: